$150 Million Federal Funding Opportunity Available for EDA’s American Recovery Program

EDA is pleased to announce the solicitation of applications under its $150 million American Recovery Act Program. EDA is soliciting applications from eligible applicants in all U.S. States to fund projects that will advance economic growth in communities and regions experiencing chronic high unemployment and low per capita income.

EDA’s goal is to create an environment that fosters innovation, promotes entrepreneurship, and attracts increased private capital investment.

The deadline for receipt of applications under the Recovery Act Program is June 30, 2010. All other information and requirements for the EDA American Recovery Act Program may be found in the March 10, 2009 Federal Register notice (74 FR 10232) and the companion federal funding opportunity announcement on EDA’s website at http://www.eda.gov/InvestmentsGrants/FFON.xml.